The EFCC has arrested three suspects – Clementina Ndukwe, Anthony Njoku and Alexander Umun – for dealing in fake currency notes.
Mrs. Clementina Ndukwe, a bread seller at a popular bus stop in Owerri metropolis, allegedly has a link to other suspects in Lagos where she normally buys her counterfeit notes.
The counterfeit notes were said to be regularly sent to her by a driver of one of the new generation transport companies.
Investigations also revealed that she sells her counterfeit banknotes to Njoku and Umun at the rate of N2,500 for every N25,000 counterfeit notes.
Njoku and Umun allegedly mix the counterfeit notes with genuine banknotes and use them to transact normal businesses.
The commission said it recovered N1.1m worth of counterfeit notes from Mrs Ndukwe’s shop, alongside some papers cut to U.S dollars size which is used for production of fake dollar notes otherwise known as “Wash-Wash”.
The suspects were arraigned before the Federal High Court, Owerri, Imo State on six count charge bordering on Conspiracy and Currency Counterfeiting on Friday, May 11.
They all pleaded not guilty to the charges.
Justice Lewis Alagoa ordered that they should be remanded in EFCC custody until they perfect their bail conditions.
The case was adjourned to May 28 for hearing.